Crompton Greaves Ltd declares that its order book position stood at $1.5 billion as of October 2008. The company will maintain similar growth as of next fiscal year despite of global crisis scenario.
Sudhir M Trehan, MD, Crompton Greaves, said, "Indian power sector is not in trouble. There will be an impact on real economy and less in power as consumer demand is not falling in this sector. As of now, nothing will happen in nuclear energy atleast we have to wait for 2-3 years for implementation."
When asked about the projects affected, he said the financial close of all the projects is done. Even they will be maintaining a revenue growth of 20 per cent for the next fiscal year. Mr Trehan added that we will look out for acquisition of mid-sized companies having a turnover of 200-400 million Euro for power and industrial sector.
